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MailTribune.com
  • Local business

  • Erickson Air-Crane shares have continued to strengthen following last week's first-quarter 2013 earnings report. In fact, the company's shares have more than tripled since they first began trading last spring.
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  • Erickson Air-Crane shares have continued to strengthen following last week's first-quarter 2013 earnings report. In fact, the company's shares have more than tripled since they first began trading last spring.
    The helicopter company, which has added medium-lift operations to its heavy-lift aircraft, posted a loss last quarter of $1.2 million, or 13 cents a share, versus a loss of $5 million a year earlier. On Tuesday, shares traded up 6 cents percent, closing at $26.38.
    Erickson, whose primary manufacturing and maintenance facility is outside Central Point, saw revenue rise 34 percent to $36.9 million, including a 40 percent jump in its heavy-lift unit.
    The company's losses stemmed primarily from acquisition expenses related to the purchase of Evergreen Helicopters from Evergreen International Aviation Inc., and its proposed purchase of Air Amazonia Servicos Aereos Ltda., in Brazil.
    The company anticipates revenue of $325 million to $335 million during 2013.
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